I urge you to rescind the "Merrill Lynch Rule" in its entirety. If wirehouse brokers want to market themselves as "advisors", "counselors", or other fiduciary-sounding titles, they should be governed by the same rules as Registered Reps of non-wirehouse entities. After all the market scandals the last few years, it's even more scandalous to selectively apply rules and then expect the public to have any trust in the rule-makers or the ruled!